ADA - PATTERN CLEAR ON RETRACE

Hey Everyone,

I hope you are having a good day trading?

Everything is clear- in hindsight. It seems we have the biggest revelations once we can look back and see what we have done... and this is not any different in trading, we know the pattern on retrace.

It's currently confusing to know right now direction (even for a long term trader) and whether or not the bottom is in. If I compare ALT charts to BTC I would say with conviction that we still have a 5th wave lower to go. But again BTC will only reveal it's pattern on retrace.

Looking at ADA here the 5 wave is currently looking more probable, except for the last rejection wick. So, like all other charts I am seeing right now, we will know more once we retrace and then a decision can be made as to direction.

So keep your trading right now flexible, you need to be reactive and adaptable in this market as nothing is fixed.

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

Комментарий:

ADA is currently sitting on B wave retrace, still is possible to be a 5 wave pattern, but currently ABC is looking more likely.

Комментарий:

ADA is looking more like an ABC than an impulse unfortunately